Solar Markets & Finance News

Pacific Green Technologies Inc. has announced a GBP 74 million deal for a 99-MW battery energy storage system (BESS) in Richborough Energy Park, Kent, England. Senior debt and equity secured for the project; completion expected within weeks. Move part of a 1.1-GW BESS project pipeline in the UK.

Vena Energy has obtained JPY-16.9-billion financing for its 53-MW Kasama solar project in Ibaraki, Japan. The project will provide clean energy to over 14,000 households annually, as part of the company's 2.7 GW operational portfolio.

Elecnor is now seeking an investor to acquire a controlling stake in their renewable energy business, Enerfin. With 1,552 MW of capacity in operation or under construction and a pipeline of 9,000 MW, Enerfin posted a net profit of EUR 5.75 million in Q1 2023. Discover the potential of this business opportunity.

CubicPV is now looking to build a 10GW US silicon wafer manufacturing base, and to continue its research into perovskite-silicon tandem technology.

Iberdrola SA, a Spanish utility company, has secured financing from the European Investment Bank (EIB) for the construction of solar and wind power plants in Spain, Portugal, and Germany, totaling 2.2 GW capacity.

Antin Infrastructure Partners, a private equity company, has announced a voluntary cash tender offer to acquire and take Spanish renewable energy company Opdenergy Holding SA off the stock market. The total value of the acquisition is EUR 866 million (USD 924.5m).

German renewable energy developer ABO Wind AG and battery storage expert Tricera Energy GmbH have joined forces to install three battery storage systems in Germany, with an aggregate capacity exceeding 25 MWh.

Amp Solar Group Inc, a Canadian clean energy firm also known as Amp Energy, announced on Monday that it has finalized the sale of its U.S. community solar business, Amp US Primary Holdings Inc.

The Queensland government has announced an allocation of AUD 500 million (USD 330.4m/EUR 309.3m) to CleanCo, the state's publicly-owned clean energy corporation. The funds will be utilized for the development of new wind and solar power projects, which will contribute up to 2.3 GW of power.

In its first ever solar power self-consumption tender, Luxembourg has committed to supporting a 46 MWp capacity in the commercial sector. This move will see the nation invest EUR 16.1 million (USD 17.2m) towards 46.3 MWp of chosen projects

Electricity distributor HERON and also Meton Energy have signed power purchase agreements (PPAs) for three solar energy projects in Greece

DWS and Phoenix Life join existing capitalists BlackRock as well as ING Enpal's total refinancing commitments currently over EUR1.9 billion

UAE-based renewables significant Masdar has made the lowest bid for the 1.8-GW sixth phase of the Mohammed bin Rashid Al Maktoum solar project in Dubai, offering USD 0.01621 (EUR 0.015) per kWh.

Swiss life science firm Lonza (VTX: LONN) has authorized a ten-year virtual power purchase agreement (VPPA) to purchase solar energy from Spanish renewables group Ignis.

The European Commission (EC) revealed on Thursday that the Modernisation Fund has paid out EUR 2.4 billion (USD 2.56 bn) to 31 projects in seven EU countries, consisting of for renewable electricity generation and grid modernisation.